The Runnemede market added another 11 transactions over the last 30 days. With 12 price reductions, the lowest amount since March, the market may be shedding discounts. In comparison, Audubon had 21 price reductions in the same time frame, the most of all nearby cities. There are four months of inventory remaining in Runnemede, and the market is swinging toward the buyer, especially since the median sales price dropped to $118,000 this week.

There were 10 homes sold in the Runnemede market over the last 30 days, but eight contracts were executed. This marks the lowest amount since February, and could be a sign that the market is nearing a bottom. In comparison, Audubon led all other nearby municipalities with 12 contracts executed. Months of inventory in Runnemede was flat at four but prices came down, as the median sales price dropped to $120,800.

The population of Runnemede is much less affluent than average compared to others in New Jersey with a median income of $50,339 per household. It's also considered a much less expensive city in terms of affordability with a cost of living adjustment score of 108.7. With a median age of 51 years, homes in Runnemede tend to be older than most. The top schools in the city are Sewell, Bunker Hill Middle School, and Washington Twp High School.

The Runnemede market saw 10 homes go under contract and failed to break out of an identifiable downward trend. Along with that, total home sales fell to 11 over the last 30 days. The median sales price in Runnemede rose to $123,600 while months of inventory spiked to four.

In this week's report, the number of homes sold in the Runnemede market fell to 12 over the past 30 days, a decrease of 7.7% from last week's report, but still above the monthly average. Within the same time frame, Bellmawr had 14 sales, the most of all cities in the area. The median sales price dropped to $127,800, down from last week's $132,000. With only three months of inventory to sell, Runnemede is a seller's market, in spite of the dip in sales.

The number of home sales in the Runnemede market climbed 9.1% to 12 homes over the last 30 days. Within the same time frame, Bellmawr had 17 sales, the most of all cities in the area. Potential buyers should note that there are now four months of inventory available in Runnemede and prices have come down. The median sales price dropped to $127,800.

The Runnemede market slowed this week but was still better than normal as sales dropped 21.4% to 11 homes sold over the last 30 days. Meanwhile, close-by Bellmawr reported 20 homes sales, the highest number from all the surrounding cities. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $132,000 this week.

Runnemede is a larger than average city in New Jersey with a population of 8,468 residents. Also, it has a higher than average density with 4,117.2 people per square mile. With an ownership ratio of 67.3%, most people in Runnemede are homeowners. The top schools in the city are Sewell, Bunker Hill Middle School, and Washington Twp High School.

Over the last 30 days, the Runnemede market showed healthy signs with 12 homes sold. It marks a 33.3% increase from last week's report, while also topping the average sales volume for the prior 12 months. In comparison, nearby Bellmawr had 19 sales in the same time frame, the most of all neighboring cities. The median sales price jumped to $126,000, and there are a fairly average four months of inventory left to be sold.

A three-week rough patch for the overall sales trend continues in the Runnemede market. Also, the actual number of sales dropped 25.0% over the last 30 days, coming in at nine. All indications show that the trend should continue, meaning less sales over the next few weeks. As sales trended lower, prices have also been falling. The median sales price dropped to $95,000, extending a four-week long spiral.

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